DraftKings (DKNG) reported better-than-expected third quarter results. The online sports betting company reported a narrower adjusted loss than expected...
) reported better-than-expected third quarter results. The online sports betting company reported a narrower adjusted loss than expected, $0.35 per share versus a $0.67 estimate. Revenue of $790.0 million topped estimates of $702.7 million. The company also raised its full-year revenue guidance. Yahoo Finance Live breaks down the report. -- Japan’s state pension fund, the world’s largest, posted a loss of ¥683.
The stock market is approaching a 'once-in-a-generation' buying opportunity as profits are about to take off almost everywhere, investment firm says -- Costco Wholesale Corp.’s Richard Galanti, who has served as Chief Financial Officer of the warehouse club retailer since 1985, says he views the more than decade-long period of low interest rates in the US as an anomaly.
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DraftKings Sales, Monthly Players Exceed Estimates; Shares RiseDraftKings Inc. reported sales and player numbers that beat analysts’ expectations as the sports-betting operator continued to gain new business.
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AM Green Plans to Raise $1 Billion for Green Hydrogen and Ammonia ProductionAM Green, a hydrogen and ammonia producer, is seeking to raise $1 billion to expand its business in producing green hydrogen and other chemical compounds. The company aims to build a million tonnes a year of green methanol capacity and produce 5 million tons of green ammonia a year. Discussions are ongoing and details of the fundraising could change.
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Senators raise concern for local staff at Canadian embassies amid Israel-Hamas warThe Hill Times
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Auto strike settlements will raise costs for Detroit's Big 3. Will they be able to raise prices?DETROIT (AP) — From generous pay and benefits to stronger job security, the United Auto Workers union won significant concessions in tentative settlements...
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Auto strike settlements will raise costs for Detroit's Big 3. Will they be able to raise prices?From generous pay and benefits to stronger job security, the United Auto Workers union won significant concessions in tentative settlements that have ended their strikes against Detroit’s three automakers.
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FTSE 100 Subdued as GSK and Next Raise Profit OutlookThe FTSE 100 remained flat as gains in healthcare giant GSK and retailer Next Plc were offset by declines in energy and mining stocks. GSK raised its full-year profit and sales forecasts for the second time this year, while Next raised its annual profit outlook following better-than-expected sales. Precious metal miners and industrial metal miners experienced losses, and oil and gas shares also slipped. Aston Martin shares fell after the luxury carmaker lowered its 2023 volume outlook.
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